Mentioned:
Redwire is coming after the opportunity in uncrewed aerial systems. And now, they’ve just won a new military contract for their long range drones.
What’s happening:
- Redwire (NYSE: RDW) has won a new multi year contract for their Penguin Mk3 uncrewed aerial system
Why it matters:
- Redwire’s Penguin Mk3 uncrewed aerial systems are capable of carrying modular payloads on long range missions as well as performing surveillance and reconnaissance for combat purposes
Going deeper:
- The new contract awarded to Redwire comes from a NATO country ally and was won through a competitive tender
- Redwire has previously delivered more than 250 Penguin uncrewed aerial systems to the Ukraine Armed Forces
The intrigue:
- The Penguin Mk3 uncrewed aerial systems were originally developed by tactical aircraft company Edge Autonomy which Redwire acquired in a cash and stock deal valued at roughly $925M USD
